august 2007 | Volume 2

» Message from the President

» Economics: The Mother of Innovation

» Identifying the Cost of Doing Good
» The L3C: A New Tool for Social Enterprise

» Social Enterprises: What Keeps You Up at Night?

» www.communitywealth.com

» Top Ten: Best Ways to Foster Innovation
» Meeting Summary: Creating Social Capital Markets
» New and Noteworthy
»
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MESSAGE FROM THE PRESIDENT

The work of social entrepreneurs hinges on capital and innovation. In this issue, we explore the delicate balance between social mission and financial goals, strategies for acquiring financing, and a possible new legal entity that could pave the way for better funding from foundations.

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ECONOMICS: THE MOTHER OF INNOVATION

New financing strategies are making it possible for organizations with social missions to, as Bill Gates put it, "make a profit, or at least make a living," while serving those in need. Here are some of the cutting-edge ideas.

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IDENTIFYING THE COST OF DOING GOOD

Social enterprise managers can improve their bottom line by breaking down expenses into two categories: one for social mission and the other for financial goals. Here's how to draw that line.

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The L3C: A NEW TOOL FOR SOCIAL ENTERPRISE

The L3C—a possible new kind of Limited Liability Company—would give foundations a new alternative to grants and could unleash more funding for for-profit companies with social missions.

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social enterprises: What keeps you up at night?

Social entrepreneurs, the Vanguard wants to hear from you.  What are your greatest challenges in running your venture?  Do you have a best practice that you've implemented in your enterprise?  Your feedback and insight will guide the direction of future issues of Community Wealth Vanguard.

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  TOP TEN: Best Ways to Foster Innovation  

How do some companies manage to keep ahead of the pack with new ideas? Here are strategies that groundbreaking companies like Google, Apple, and others use to infuse their organizations with a culture of innovation.

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MEETING SUMMARY: Creating Social Capital Markets

 A roundtable sponsored by the Aspen Institute brought together 30 experts to discuss ways of developing new sources of capital. The group cited, among other things, a sense of urgency for better funding and a how-to guide for mission-related investing.

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New and Noteworthy

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Community Wealth Vanguard is published by Community Wealth Ventures, a consulting firm that:

  • Helps nonprofit organizations become more self-sustaining by generating revenue through business ventures and corporate partnerships.
  • Helps corporations improve their bottom line through the design and implementation of community investment strategies.

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